Poland Retail December 2018


Poland: Retail sales cool in December

January 24, 2019

Nominal retail sales rose 4.7% from the same month a year earlier in December, down from November’s 8.2% year-on-year rise. December’s cool-off was driven partly by a fall in food and beverage sales, as well as slower growth in fuel sales. Motor vehicle sales, which have been volatile since the recent introduction of new emissions-testing procedures, bounced back marginally.

All told, annual average growth in nominal retail sales landed at 7.9% in 2018.

FocusEconomics Consensus Forecast panelists see private consumption growing 4.1% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel sees private consumption growing 3.4%.


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Poland Retail Chart

Poland Retail December 2018

Note: Year-on-year and annual average variation in %.
Source: Central Statistical Office (GUS) and FocusEconomics calculations.

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